Pump.fun, a memecoin platform within the Solana 
$106 ecosystem, recently surpassed the derivatives exchange Hyperliquid in daily revenue. According to data from DefiLlama, Pump.fun recorded a revenue of $3.38 million over 24 hours, compared to Hyperliquid’s $3.06 million. With this performance, Pump.fun secured the third position among DeFi protocols, trailing only Tether ($21.67 million) and Circle ($7.62 million).
Pump.fun’s Revenue Performance
Established in 2024, Pump.fun enables users to create memecoins through an easy-to-use interface. The platform generates its revenue from coin creation fees, liquidity contributions, and trading volumes. While its daily income exceeded $6.7 million in January, it experienced a sharp decline in subsequent months, dipping to $206,000 per day by August 1.
Since the end of August, Pump.fun’s revenue has shown a recovery, reaching its highest level since February 13. The latest daily figure of $3.38 million indicates a resurgence in the platform’s performance. However, in terms of the 7-day and 30-day average revenues, Hyperliquid still remains ahead.
PUMP Coin Buybacks
Pump.fun has been conducting a buyback program since July, amassing PUMP coins worth $97.4 million to date, equivalent to 6.67% of the total circulating supply. The platform directs all daily revenues toward purchasing PUMP coins, a decision made in July to increase the allocation from 25% to 100%.
According to CoinMarketCap, the price of PUMP has surged by 53.9% since the buyback initiative began. Currently, the altcoin trades at $0.008354. The direct correlation between the buyback policy and the platform’s revenue makes the financial health of the platform an important metric for stakeholders.
